Direxion Daily 20+ Year Treasury Bear 1X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse of the performance of the NYSE 20 Year Plus Treasury Bond Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in financial instruments that provide exposure to the index. It invests the remainder of its assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles. As of Oct 31 2013, the Fund's total assets were $9,155,988 and its investment portfolio was valued at $1,865,655.
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